恐怕大多数人只能条件反射一般地说出一句：黑哥们儿的语言是不通的。 现在就有这么一批人，成了互联网上为我们连接非洲大陆的桥梁。 以下文章来源于酷玩实验室 ，作者酷玩实验室 酷玩实验室 . 关注中国科技发展与产业升级！ 本文来自微信公众号： 酷玩实验室 ，作者：酷玩实验室，原文标题：《"黑哥们儿语言不通"的难题，外派非洲的大学生最能懂》，题图来 自：视觉中国 你对于非洲的了解有多少？ 他们是刚刚毕业就被外派到非洲的职场新人，带着对于新鲜事物的渴望与激情，他们斗蚊子、熬停电、吹海风、晒太阳，没事儿还能去大草 原上来个《人与自然》的沉浸式体验。 但在这些新鲜感背后，他们也在面临一场关于选择和风险的现实考题。 天选职场：出门是旷野，进门是 轨道 印象中的非洲打工：赤道酷暑茅草屋。 实际上的非洲打工：高楼白领空调房。 推门就是草原、进门就是事业，这旷野和轨道两相全的日子还真有人找到了。 点开社交媒体搜索关键词，你能看到许多人分享着自己岁月静好的非洲工作日常。 他们大多住在条件不错的公寓里，开着空调、连着WiFi，跑到了非洲草原的牛马身边，过上了和国内都市牛马一般的打工生活。 每天的工作内容也和国内都市白领差不多：开会、写 ...

Market Overview - The A-share market showed mixed performance with the Shanghai Composite Index and Shenzhen Component Index down by 1.16% and 0.65% respectively, while the ChiNext Index rose by 0.95% [1] - The trading volume in the Shanghai and Shenzhen markets exceeded 2.3 trillion yuan, a significant decrease of over 500 billion yuan compared to the previous day [1] Market Sentiment and Technical Analysis - Market sentiment is nearing a low point, and a rebound will require increased trading volume [2] - Key technical levels to watch include the August 26 high of 3888 points for upward momentum and the August 28 low of 3761 points for potential further declines [2] - The performance of small-cap and micro-cap stocks has been notably weak, particularly in the CSI 1000 Index and CSI 2000 Index [2] Valuation Trends - Recent weeks have seen low valuation stocks outperform high valuation stocks across the A-share market [3] - The valuation gap between small-cap and large-cap stocks remains significant, with historical high ratios in PE valuations between various indices [3] Sector Performance - The communication equipment sector showed some recovery, with a 1.1% increase in the sector index, driven by strong performances from stocks like Zhongji Xuchuang and Tianfu Communication [3] - Zhongji Xuchuang's market capitalization has surpassed that of Dongfang Caifu, marking a shift in the second-largest market cap on the ChiNext [4] Impact of Major Stocks - Major stocks like "Yizhongtian" contributed significantly to the ChiNext Index's performance, indicating their influence on broader market movements [5] - The upcoming Apple product launch is anticipated to impact the performance of consumer electronics stocks, with analysts divided on the potential for a major upgrade cycle driven by the iPhone 17 [5][6] Investment Opportunities - Recent trends suggest that the market's adjustment phase may provide entry points for investors, particularly in small-cap and micro-cap stocks that have seen substantial gains since April 8 [7] - The CPO sector, represented by "Yizhongtian," is crucial for determining the future trajectory of AI hardware stocks, with a focus on key components like CPO, PCB, and AI chips [7]

Company Overview - Spring兴精工 has experienced abnormal stock trading fluctuations, with a cumulative price increase of over 20% on September 2 and 3, 2025, but the company confirms that its operational status remains normal and there are no undisclosed significant matters [1] - The company operates in the telecommunications components and RF devices sector, maintaining a strong supply chain relationship with leading global telecommunications equipment integrators [1] - Spring兴精工's automotive parts business has established an integrated precision manufacturing and service platform, collaborating with multiple new energy vehicle clients, with production capacity steadily increasing [1] Financial Performance - In the first half of 2025, the company's revenue was 977 million yuan, a year-on-year decrease of 3.0% [1] - The net profit attributable to shareholders was a loss of 129 million yuan, which has further expanded, while the non-recurring net profit loss was 125 million yuan, showing a slight reduction [1] Industry Insights - In the first half of 2025, China's new energy vehicle sales maintained a high growth rate, with production and sales reaching 6.968 million and 6.937 million units respectively, representing year-on-year growth of 41.4% and 40.3% [2] - New energy vehicles accounted for 44.3% of total new car sales, indicating a significant market share [2] - The company's automotive parts include precision aluminum alloy structural components and sheet metal parts, primarily used in engines and exhaust systems for new energy vehicles [2] - Despite the growth in automotive production and sales boosting demand for parts, increased competition in vehicle pricing and fluctuations in raw material prices have intensified operational pressures for parts manufacturers [2]

Group 1 - The company is closely monitoring the development of 6G technology and is preparing relevant research and technical reserves [2]

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | | 2025-09-03 | 300394 | 天孚通信 | 205.31 | 2.00 | | 410.62 中国中金财富证券 | 机构专用 | | | | | | | | 有限公司福州五四 | | | | | | | | | 路证券营业部 | | 9月3日，天孚通信大宗交易成交2万股，成交额410.62万元，占当日总成交额的0.04%，成交价205.31元，较市场收盘价 205.31元持平。 ...

Group 1 - The core viewpoint of the report is that 招银国际 has raised the target price for 中兴通讯 from HKD 26.5 to HKD 42, which corresponds to a projected P/E ratio of 25 times for next year, aligning with industry valuation forecasts [1] - 中兴通讯's target price in RMB has been increased from CNY 32.86 to CNY 57, maintaining a "buy" rating [1] - In the first half of the year, 中兴通讯's revenue increased by 15% year-on-year to CNY 71.6 billion, while net profit decreased by 12% to CNY 5.1 billion [1] Group 2 - The shift in product mix towards higher shipment volume servers has negatively impacted gross margin and net margin, which fell by 8 and 2.1 percentage points to 32.5% and 7.1%, respectively [1] - 招银国际 anticipates that 中兴通讯 will maintain strong growth momentum in the coming years, supported by the AI infrastructure investment cycle and the trend of domestic semiconductor localization [1] - Projected net profits for 中兴通讯 from 2025 to 2027 are CNY 7.976 billion, CNY 8.035 billion, and CNY 9.568 billion, reflecting year-on-year changes of -5.3%, +0.7%, and +19.1%, respectively [1]

Group 1 - The core viewpoint of the report is that ZTE Corporation's target price has been raised significantly, indicating a positive outlook for the company's stock performance [1] - ZTE's revenue for the first half of the year increased by 15% year-on-year to 71.6 billion RMB, while net profit decreased by 12% to 5.1 billion RMB [1] - The shift in product mix towards higher shipment volume servers has negatively impacted gross margin and net margin, which fell by 8 and 2.1 percentage points to 32.5% and 7.1% respectively [1] Group 2 - The report anticipates that ZTE will maintain strong growth momentum in the coming years, supported by the AI infrastructure investment cycle and the trend of domestic semiconductor localization [1] - ZTE's projected net profits for 2025 to 2027 are estimated at 7.976 billion, 8.035 billion, and 9.568 billion RMB, reflecting a year-on-year decline of 5.3%, a slight increase of 0.7%, and a growth of 19.1% respectively [1]

Group 1 - The communication equipment sector rose by 2.61% on September 3, with Zhongji Xuchuang leading the gains [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] - Notable individual stock performances included Zhongji Xuchuang with a closing price of 426.19, up 10.99%, and Shijia Photon with a closing price of 82.42, up 4.73% [1] Group 2 - The communication equipment sector experienced a net outflow of 1.734 billion yuan from institutional funds and 1.172 billion yuan from retail funds, while individual investors saw a net inflow of 2.906 billion yuan [3]

Market Overview - The market experienced fluctuations with mixed results across the three major indices, where the Shanghai Composite Index fell by 1.16%, the Shenzhen Component Index decreased by 0.65%, and the ChiNext Index rose by 0.95% [1] - Over 4,500 stocks declined in the market, with a total trading volume of 2.36 trillion yuan, a decrease of 510.9 billion yuan compared to the previous trading day [1] - The average stock price dropped by 2.06% on the previous day, and despite expectations for a rebound, the market saw a further decline of 1.48% today [1] Sector Performance - Sectors such as photovoltaic, precious metals, and gaming showed significant gains, while small metals, securities, software development, and agriculture faced notable declines [1] - The gaming sector benefited from the approval of 166 domestic and 7 imported game licenses, with a total of 1,050 domestic game licenses approved this year, marking a peak in approvals [11] - The photovoltaic sector saw price increases in polysilicon, with mainstream prices rising to 55 yuan per kilogram for rod silicon and 49 yuan per kilogram for granular silicon, indicating a rebound in the industry [12] Historical Context - The occurrence of over 4,000 stocks declining for two consecutive trading days is rare, with the last similar instance occurring on May 22 and 23 when the Shanghai Composite Index was below 3,400 points [3] - Historical patterns suggest that after such declines, the market may stabilize and potentially enter a "slow bull" phase, as seen after May 23 when the index gradually stabilized and began to rise [9] Investment Sentiment - The recent market downturn is perceived as driven more by profit-taking rather than fundamental weaknesses, with optimism remaining for long-term growth in sectors like AI and cloud computing [13] - The AI sector continues to show promise, with significant growth in cloud revenue and advancements in AI models, indicating a positive outlook for the industry [13]

Core Viewpoint - Zhongji Xuchuang's market capitalization has surged over 10%, reaching 473.548 billion yuan, surpassing Dongfang Caifu for the first time and becoming the second largest in the ChiNext market [1] Group 1: Market Performance - Zhongji Xuchuang's market capitalization has increased by 335.072 billion yuan this year, the highest growth in the ChiNext market [1] - Other companies with significant market capitalization growth this year include Xinyi Sheng, Ningde Times, Zhonghang Chengfei, Shenghong Technology, and Tianfu Communication, each exceeding 100 billion yuan [1] Group 2: Market Capitalization Rankings - The latest market capitalization rankings show: 1. Yude Times: 1420.020 billion yuan, with an increase of 248.698 billion yuan 2. Zhongji Xuchuang: 473.548 billion yuan, with an increase of 335.072 billion yuan 3. Dongfang Caifu: 420.862 billion yuan, with an increase of 13.279 billion yuan 4. Xinyi Sheng: 367.386 billion yuan, with an increase of 285.462 billion yuan 5. Zhonghang Chengfei: 243.134 billion yuan, with an increase of 200.729 billion yuan [2]